I have had this discussion a couple of times with and about the people on the Romanian online business. Now I’m happy to see that somebody with experience in the field confirms what I’ve always said:
I’d like to suggest that to “qualify” as an angel investor, you have to have made at least one equity investment of at least $25,000 in the past 12 months. If you haven’t done this, you can’t call yourself an angel investor.
— Brad Feld in An Angel Investor Group Move That Makes Me Vomit
Now, let’s count again how many investors are on our online market?
